Trump defends $4 gas prices as cost of Iran nuclear pressure
Bloomberg News aired a clip of President Trump defending higher gasoline prices during its Balance of Power program on August 14, 2026. The segment placed the remarks amid discussion of the ongoing conflict with Iran and its impact on household costs. Trump's comments framed elevated pump prices as an acceptable trade-off to prevent Iran from acquiring nuclear weapons and to counter its support for terrorism. The broadcast referenced national averages near $4 per gallon and included Democratic criticism of the cost-of-living effects.
Source: Bloomberg News